California Public Employees Retirement System Sells 3,218 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

California Public Employees Retirement System lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,268 shares of the industrial products company's stock after selling 3,218 shares during the quarter. California Public Employees Retirement System owned 0.15% of Zebra Technologies worth $30,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after buying an additional 55,130 shares in the last quarter. State Street Corp raised its stake in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock valued at $796,128,000 after acquiring an additional 70,771 shares during the period. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after acquiring an additional 14,237 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Zebra Technologies by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock worth $360,965,000 after buying an additional 27,544 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

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Zebra Technologies Price Performance

Shares of Zebra Technologies stock remained flat at $223.49 on Monday. The company's stock had a trading volume of 1,091,719 shares, compared to its average volume of 412,565. Zebra Technologies Co. has a twelve month low of $208.35 and a twelve month high of $427.76. The company's 50 day moving average price is $313.36 and its two-hundred day moving average price is $362.18. The company has a market cap of $11.48 billion, a P/E ratio of 21.95 and a beta of 1.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on ZBRA. Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Robert W. Baird lowered their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.